Amazon posted its biggest rally since 2012 after AWS revenue surged to $42.2 billion, while Microsoft’s Copilot adoption doubled to 30 million users.
- Amazon and Microsoft emerged as the Mag Seven’s clearest winners as investors rewarded visible AI growth and returns.
- Morningstar said the group is splitting as Wall Street demands a “higher burden of proof” for AI investments.
- Alphabet rebounded on Amazon’s AI investment case, while spending and supply concerns pressured Meta, Apple and Tesla.
Amazon and Microsoft have emerged as the clearest winners from a volatile “Magnificent Seven” earnings season, as accelerating cloud growth and measurable AI adoption convinced investors that their massive infrastructure investments are beginning to pay off.
Mag Seven Splits Over AI Returns
The once-unified trade comprising Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) is increasingly splitting into winners and…
